$99,000
$99,000
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7,405 Sqft Lot
SOLD DATE : 11/08/2021
Key Details
Sold Price $99,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Cabbage Hill
MLS Listing ID PALA2002636
Sold Date 11/08/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1981
Annual Tax Amount $1,887
Tax Year 2021
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 0.00 x 0.00
Property Description
Fantastic investment opportunity in the Cabbage Hill/SOWE neighborhood of Lancaster City. Join the exciting developments in this area in 2021, with close proximity to downtown restaurants, galleries, and markets. There is a strong need for off-street parking in this neighborhood, as many homes do not offer off-street parking for a vehicle. This large parking lot with 18 total spaces, currently rented by long term tenants with over 8% gross ROI and minimal maintenance. Current rent is $50 per space, per month. Low maintenance required with this investment offering! This property can be sold with another parking lot at 409 High Street, Lancaster PA 17603 (17 spots), as a package deal for $220,000.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning COMMERCIAL
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Garage Spaces 18.0
Waterfront N
Water Access N
Street Surface Paved
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 18
Garage N
Building
Sewer Public Sewer
Water None
New Construction N
Schools
High Schools Mccaskey Campus
School District School District Of Lancaster
Others
Tax ID 338-99646-0-0000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Bank Portfolio, Cash, Conventional
Listing Terms Bank Portfolio, Cash, Conventional
Financing Bank Portfolio,Cash,Conventional
Special Listing Condition Standard
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Bought with Austin Will • Berkshire Hathaway HomeServices Homesale Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "